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Consensus Player of the Year: Hank Luisetti
| Rk | Conference | Schls | W | L | W-L% | Regular Season Champ | Tournament Champ |
|---|---|---|---|---|---|---|---|
| 1 | Big Six Conference | 6 | 63 | 46 | .578 | Kansas | |
| 2 | Big Ten Conference | 10 | 114 | 82 | .582 | Purdue | |
| 3 | Border Intercollegiate Athletic Association | 7 | 74 | 84 | .468 | New Mexico State | |
| 4 | Eastern Intercollegiate Conference | 6 | 61 | 50 | .550 | Temple | |
| 5 | Independent | 46 | 532 | 346 | .606 | ||
| 6 | Ivy Group | 7 | 79 | 57 | .581 | Dartmouth | |
| 7 | Metropolitan New York Conference | 8 | 110 | 52 | .679 | New York University | |
| 8 | Missouri Valley Conference | 8 | 93 | 93 | .500 | Oklahoma State | |
| 9 | Mountain States Athletic Conference | 7 | 75 | 62 | .547 | Colorado Utah |
|
| 10 | Northern California Conference | 5 | 57 | 44 | .564 | San Jose State Santa Clara |
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| 11 | Pacific Coast Conference | 10 | 171 | 113 | .602 | Stanford (South) | |
| 12 | Southeastern Conference | 13 | 149 | 121 | .552 | Georgia Tech | Georgia Tech |
| 13 | Southern Conference | 15 | 153 | 142 | .519 | North Carolina | Duke |
| 14 | Southwest Conference | 7 | 73 | 66 | .525 | Arkansas | |
| 15 | Yankee Conference | 5 | 54 | 33 | .621 | Rhode Island |
| Helms Foundation Player of the Year: | Hank Luisetti (Stanford) |
| NIT Most Valuable Player: | Don Shields (Temple) |
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1st Team
Fred Pralle (Kansas) Hank Luisetti (Stanford) Jewell Young (Purdue) John Moir (Notre Dame) Meyer Bloom (Temple) Paul Nowak (Notre Dame) |